That is incorrect – the hard drive on my 24-inch early 2008 iMac failed a few months ago. Fortunately I had a Time Machine backup and used that to setup an external FireWire drive to boot from, and my system now runs from that (although I dislike running from an external boot drive – see below).
Incidentally, this is one of the reasons I have (irrational?) concerns over drive failure. I know (from experience) that drives can fail, so I take care to have backups, and I’m keen to select options that REDUCE the risk of drive failures in future. (I’m not, as you imply, trying to unrealistically ELIMINATE this risk, just REDUCE it where possible, as I prefer to minimize the stress and hassle caused by drive failure.)
And this is the problem I have with your black and white comparison of an internal 768GB Apple drive vs the LaCie 1TB external drive. In your view the LaCie has all the advantages and the Apple all of the disadvantages i.e. you have to be 'stupid' to choose the Apple SSD drive over the LaCie option.
The LaCie does have some clear advantages over the Apple solution:
- It is UKP167 (USD270) cheaper (UKP749 vs UKP916 – I get the university discount on Apple but not LaCie, and both come with 3yr repair cover)
- It has more capacity (but then I reckon I need 600-700GB to cover my needs for the next 5 years, so the 768GB suits me fine)
- it is faster (RAID0)
But there are (in my opinion, I know you disagree) some disadvantages to the LaCie option:
- as flynz4 pointed out, one worry about an external boot drive is the very real risk of 'inadvertent surprise removal' ie. me/the kids/the cat accidentally pulling out the Thunderbolt cable. I prefer to avoid that.
- as I have pointed out, the LaCie is actually two 512GB SSDs in RAID0, so a greater risk (not quite twice but close) of drive failure (a risk I am trying to reduce)
- the LaCie solution means yet another box on my desk (and I prefer less clutter)
The first disadvantage could be addressed by getting an Apple Fusion drive and then only using the 128GB SSD for OSX/apps (i.e. boot internally) with the Aperture library on an external 1TB SSD. But this would (for me as I get the edu discount) be MORE expensive and would not address the second two disadvantages. This option also has three drives, so an even greater chance one will fail!
We each have different needs and worries, so we each place different priorities on these advantages and disadvantages. I’m sure the external solution meets your needs and I am not trying to convince you otherwise (I don’t think you are stupid

).
But I have different needs and worries. The extra UKP167 cost of the Apple internal solution is, for me, justified by the peace of mind it brings me, as it means I can avoid the disadvantages I listed above. But YMMV.